Overview
From $91,298 to $115,252 Annually
110 State Street
Albany, NY 12236
Minimum Qualifications
Do you want a career with a purpose that provides work/life balance? Apply today to join the Office of the New York State Comptroller.
Civil Service examinations are not required under the New York Hiring for Emergency Limited Placement Statewide (NY HELPS) Program.
Non-Competitive Qualifications for appointment under the NYHELPS Program:
A bachelor's degree or higher; AND successful completion of two examinations of the Society of Actuaries; AND three years of actuarial experience in one or more of the following activities:
- Actuarial or statistical work for operating units or management.
- Governmental regulatory actuarial functions.
- Governmental or private pension actuarial functions.
- Performing actuarial computations for reserves, premium rates, and/or policy forms.
Competitive Minimum Qualifications:
You must be currently reachable on the appropriate eligible list for this title or eligible to transfer under Section 52.6 of the Civil Service Law.
52.6 Transfer:
To be eligible for a 52.6 transfer to an Associate Actuary Life SG-24, you must have one year of permanent competitive service in a qualifying title allocated to a salary grade 22 or above; AND a bachelor's degree or higher including or supplemented by 24 semester credit hours in mathematics, statistics, and/or actuarial science; AND successful completion of two examinations of the Society of Actuaries; AND three years of qualifying actuarial experience.
To determine if your current Civil Service title is eligible for transfer to this title, visit the Career Mobility GOT-IT website: Career Mobility Office » GOT-IT (ny.gov)
Appointments via transfer must not result in a second, consecutive transfer with an advancement of more than two S-grades or one M-grade.
Duties
This position is located within the Bureau of Actuarial, Division of Retirement Services and is responsible for:
- Fiscal Notes
- Update fiscal notes for a new legislative session.
- Check novel fiscal notes, recommending revised methodology where appropriate.
- Develop a mastery of Access.
- Develop a mastery of PeopleSoft data and cases.
- Review and check all revisions to fiscal note policies.
- Actuarial Data Aggregation and Year End File Creation
- Develop expertise in the process used to aggregate and validate actuarial data used in the annual valuation input files.
- Develop a mastery of PeopleSoft data tables and cases.
- Develop a mastery of TSQL and PL/SQL.
- Publications
- Check actuarial reports and miscellaneous calculations using excel and word editing skills.
- Develop a mastery of the actuarial valuation book, the report of the actuary, and the actuarial components of the ACFR and insurance report.
- Begin developing exhibits independently, as requested, and otherwise review and check all entries in these documents.
- Actuarial Calculations
- Perform bond refunding, workers compensation offsets, escalation, COLA, structured judgements, and option 4 calculations (including qualified domestic relations orders).
- Develop a mastery of Excel.
- Develop a mastery of bond refunding and option 4 calculations.
- Assure QDRO compliance.
- Actuarial Assumptions Research
- As directed by the Chief Actuary, perform independent research of outside forces impacting various actuarial assumptions, by conducting in-house studies and reading professional literature, and report findings.
- Support the development of presentations delivered by the Chief Actuary.
- Support the development of the Actuarial Assumptions Report.
- Draft memorandums establishing policies and procedures for actuarial bureau for review by the lead actuary.
Knowledge, Skills & Abilities
- Experience computing optional pension allowances as directed by Qualified Domestic Relations Orders
- Experience computing actuarial equivalence, option factors and annuities according to NYSLRS’ laws and policies
- Experience reviewing present value calculations and the development of pension liabilities
- Knowledge of NYSLRS’ retirement plans
- Experience working with large datasets
- Experience reviewing actuarial reports including the Report of the Actuary and the Comprehensive Annual Financial Report
- Experience with developing and reviewing SQL scripts
- Commitment to taking and passing actuarial exams
- Strong computer skills – SQL, Access, Excel
- Strong computational skills
Additional Comments
Telecommuting
The Office of the New York State Comptroller supports telecommuting where it is reasonable to do so based upon the agency’s mission and operational needs. Generally, new employees will be restricted from telecommuting for at least 8 calendar weeks. After the initial 8 calendar week restriction, if an employee’s primary residence location, duties, and work performance are aligned with telecommuting and operational needs they may be allowed to do so. Generally, employees may telecommute up to 5 days per pay period but may be approved to telecommute less.
Reasonable Accommodation
The Office of the New York State Comptroller provides reasonable accommodations to applicants with disabilities. If you need reasonable accommodation for any part of the application and hiring process, please notify the Division of Human Resources at (518) 474-1924.
Equal Opportunity Employment
The Office of the New York State Comptroller values a workforce with a broad, diverse range of backgrounds and perspectives. All employees are expected to contribute to a professional environment focused on self-evaluation and improvement, as well as acceptance and support of coworkers.
Some positions may require additional credentials or a background check to verify your identity.
The Office of the State Comptroller does not participate in E-Verify or sponsor visa applications.
OSC offers competitive salaries and benefits, and opportunities for advancement, continuing education, and professional development. We provide a professional environment where employees are encouraged to push themselves while maintaining work-life balance. Our generous benefits package includes:
- A state pension with vesting after five years’ service
- Comprehensive medical, dental and vision insurance available to all employees and their dependents
- Flexible spending accounts for dependent and health care
- Productivity Enhancement Program (PEP), allowing eligible employees to exchange previously accrued leave in return for a credit to be applied toward their health insurance
- Public Service Loan Forgiveness (PSLF)
- NYS Deferred Compensation plan
- Access to NY 529 and NY ABLE College Savings Programs, and U.S. Savings Bonds
- Holiday and paid time off
- Shift and geographic pay differentials
- A committed continuous learning environment
- Informational Brown Bag sessions
- Wellness at Work Programs to promote employee health and wellness
- OSC Mentoring Program to network, contribute, and provide an opportunity to strengthen competencies in a variety of areas
- And much more
David Heaphy
P: (518) 474-1924
F: (518) 486-6723
[email protected]
Division Contact
Katrina Connelly
[email protected]
To Apply
Submit a clear, concise cover letter and resume stating how you meet the above minimum qualifications. Reference Item #07062-DJH on your cover letter for proper routing.
Be sure to include a copy of any unofficial transcripts if there are educational requirements / minimum qualification substitutions for this position. Documents must be sent as unlocked and accessible attachments.